Diy13/iStock via Getty Images Introduction & Investment Thesis When I last wrote about Pinterest ( PINS ) at the end of December, I downgraded the stock to a “hold” as management guided for revenue to slow down in Q4, which tends to be their seasonally strongest time of the year. Meanwhile, a slowdown in the growth rate of ARPU (Average Revenue Per User) was also concerning to me, especially when ...
Diy13/iStock via Getty Images Introduction & Investment Thesis When I last wrote about Pinterest ( PINS ) at the end of December, I downgraded the stock to a “hold” as management guided for revenue to slow down in Q4, which tends to be their seasonally strongest time of the year. Meanwhile, a slowdown in the growth rate of ARPU (Average Revenue Per User) was also concerning to me, especially when far larger and deep-pocketed players like Meta ( META ) and Google ( GOOG ) have been growing their ad revenues at a much faster rate. As I put it, “Pinterest management needs to present a bold new plan to revive growth back in the company, especially in its US & Canada regions. Until that happens, I believe investor sentiment will remain depressed and the stock price will be range-bound.” That has exactly been the case, as the company failed to impress investors in their Q4 FY25 earnings in February, missing both top- and bottom-line estimates, from ARPU slowing down even further from weakness in ad pricing. While management acknowledged their lackluster earnings and committed to broadening their advertiser base beyond large retail advertisers, which had slashed their ad budgets in the face of higher tariffs, they failed to provide a clear timeline as to when we can expect a potential inflection may occur. Pinterest stock is down 23% since the time of my previous writing, hugely underperforming the S&P 500. The company is slated to report its Q1 FY26 earnings on 05/04, where both revenue and earnings are expected to decline even further. The way I see it, even if Pinterest manages to beat guidance, I wouldn’t expect a durable rerating in the stock until we get clear evidence of top-line acceleration. In the meantime, the stock does not even present an attractive risk-reward when looking at Wall Street price targets . As a result, in the absence of a clear timeline on potential revenue inflection, along with net-negative risk reward, I will downgrade the stock to a “sell” a...
On April 29, 2026, Avory & Company, LLC disclosed in a U.S. Securities and Exchange Commission (SEC) filing that it sold 156,571 shares of Omnicell (NASDAQ:OMCL) , an estimated $6.55 million transaction based on the quarterly average price. According to its SEC filing dated April 29, 2026, Avory & Company, LLC reduced its position in Omnicell by 156,571 shares, an estimated $6.55 million transacti...
On April 29, 2026, Avory & Company, LLC disclosed in a U.S. Securities and Exchange Commission (SEC) filing that it sold 156,571 shares of Omnicell (NASDAQ:OMCL) , an estimated $6.55 million transaction based on the quarterly average price. According to its SEC filing dated April 29, 2026, Avory & Company, LLC reduced its position in Omnicell by 156,571 shares, an estimated $6.55 million transaction based on the average first-quarter 2026 closing price. The quarter-end value of the Omnicell stake declined by $8.01 million, a figure that reflects both the reduction in shares and Omnicell’s price movement over the period. The fund’s post-sale holding in Omnicell was 77,137 shares, valued at $2.57 million. Following the sale, Omnicell represents 3.33% of Avory & Company, LLC’s reportable assets under management. Continue reading
Big Tech is at a breaking point says John Blackledge, TD Cowen Senior Equity Research Analyst. He joined Bloomberg Open Interest to explain why massive AI spending may have peaked, why AWS and Google Cloud growth could make-or-break these stocks, and how fragile the market has become. With such sky-high expectations, even a small miss could trigger another selloff. (Source: Bloomberg)
Big Tech is at a breaking point says John Blackledge, TD Cowen Senior Equity Research Analyst. He joined Bloomberg Open Interest to explain why massive AI spending may have peaked, why AWS and Google Cloud growth could make-or-break these stocks, and how fragile the market has become. With such sky-high expectations, even a small miss could trigger another selloff. (Source: Bloomberg)
Ivan Kuchin Radian Group ( RDN ) stock gained 3.7% in late morning trading on Wednesday after Bank of America Securities upgraded the stock to Buy from Underperform based on Radian's transformation into a global, diversified specialty insurer from a U.S. mortgage insurer. In February, the company completed its acquisition of specialty insurance group Inigo for $1.7B. "RDN is redeploying capital fr...
Ivan Kuchin Radian Group ( RDN ) stock gained 3.7% in late morning trading on Wednesday after Bank of America Securities upgraded the stock to Buy from Underperform based on Radian's transformation into a global, diversified specialty insurer from a U.S. mortgage insurer. In February, the company completed its acquisition of specialty insurance group Inigo for $1.7B. "RDN is redeploying capital from a low-return, cyclical real estate services platform into a higher-ROE, uncorrelated specialty insurance earnings stream," analyst Mihir Bhatia wrote in a note to clients. "Inigo is a profitable, diversified reinsurer operating through Lloyd's and is guided to double revenue over time and be mid-teens EPS accretive." BofA raised its price target on Radian ( RDN ) to $43 from $35. "We see a clear path to a re-rating as capital efficiency improves and the market prices Inigo’s contribution," Bhatia said. The analyst acknowledges the risk Radian is taking on with its acquisition outside of mortgage insurance but sees its retention of Inigo's team, brand, and underwriting autonomy as mitigating factors. The Buy rating contrasts with the SA Quant rating and average Wall Street rating of Buy. More on Radian Group Radian Group: Diversification Benefits Are Underappreciated Radian Group Inc. (RDN) Q4 2025 Earnings Call Transcript Radian Group Inc. 2025 Q4 - Results - Earnings Call Presentation Radian outlines dividend of at least $600M and strategic shift following Inigo acquisition
Zhuhai Jinwan Offshore Wind Farm in Guangdong province, where technicians conduct routine inspections and install auxiliary control systems atop 100-meter-high turbines. Photo: VCG Ming Yang Smart Energy Group Ltd. nearly doubled its net profit in 2025, as recovering wind turbine prices and surging delivery volumes helped ease years-long domestic price wars. The strong earnings reflect a broader s...
Zhuhai Jinwan Offshore Wind Farm in Guangdong province, where technicians conduct routine inspections and install auxiliary control systems atop 100-meter-high turbines. Photo: VCG Ming Yang Smart Energy Group Ltd. nearly doubled its net profit in 2025, as recovering wind turbine prices and surging delivery volumes helped ease years-long domestic price wars. The strong earnings reflect a broader stabilization in China’s wind power sector, where policy guidance and industry self-discipline have curbed excessive competition, allowing leading manufacturers to rebuild profit margins while pursuing expansion overseas.
Vertigo3d/iStock via Getty Images Artificial intelligence ( AIQ ) ( AIEQ ) use in the workplace is emerging as a high-income advantage, according to data from the Federal Reserve Bank of New York. The survey found that 66.3% of workers earning more than $200K had used AI tools in their jobs over the past 12 months as of November 2025, according to data recently shown by Arbor Research. That compar...
Vertigo3d/iStock via Getty Images Artificial intelligence ( AIQ ) ( AIEQ ) use in the workplace is emerging as a high-income advantage, according to data from the Federal Reserve Bank of New York. The survey found that 66.3% of workers earning more than $200K had used AI tools in their jobs over the past 12 months as of November 2025, according to data recently shown by Arbor Research. That compares with just 15.9% of workers earning less than $50K. AI adoption rose almost step by step with income: 40.2% for workers earning $50K to $100K, 51.6% for those earning $100K to $200K and nearly two-thirds for the highest earners. More recent adoption measures point in a similar K-shaped direction. Claude maker Anthropic's ( ANTHRO ) Economic Index found AI usage remains concentrated and strongly correlated with income across countries, suggesting the early AI productivity dividend is still clustering around higher-income workers and environments. Arbor Data Science More on Global X Artificial Intelligence & Technology ETF, Amplify AI Powered Equity ETF Big Tech Earnings Preview: The AI Supercycle Meets Reality 5 Downsides To The AI Revolution Recent AI Funding Problems Should Worry You AI knocks on the door of one in four jobs, BofA says OpenAI woes present buying opportunity for AI investors - analyst
AI Agent Deletes Startup's Database In 9 Seconds, Founder Says Authored by Jason Nelson via Decrypt.co, PocketOS founder Jeremy Crane claims a Cursor agent running Anthropic’s Claude Opus deleted his company’s production database and backups in nine seconds. Crane said the AI later produced a written explanation admitting it violated multiple safety rules. The incident raises questions about AI co...
AI Agent Deletes Startup's Database In 9 Seconds, Founder Says Authored by Jason Nelson via Decrypt.co, PocketOS founder Jeremy Crane claims a Cursor agent running Anthropic’s Claude Opus deleted his company’s production database and backups in nine seconds. Crane said the AI later produced a written explanation admitting it violated multiple safety rules. The incident raises questions about AI coding tools, Railway’s infrastructure design, and safeguards around destructive API actions. A software company founder claims an AI coding agent destroyed his firm’s production database, then copped to the mistake and explained how it happened, demonstrating the potential danger of entrusting sensitive access and materials to automated bots. Jeremy Crane, founder of PocketOS—a software platform used by car rental operators to manage reservations, payments, and vehicle tracking—said in a viral post on X that a Cursor agent running Anthropic’s Claude Opus 4.6 encountered a credential mismatch while working on a routine task in a staging environment. According to Crane, the agent tried to “fix” the issue by deleting a Railway database volume through a single GraphQL API call. He said the deletion took nine seconds and also wiped volume-level backups. PocketOS’s most recent recoverable backup was three months old, according to Crane. “Yesterday afternoon, an AI coding agent—Cursor running Anthropic’s flagship Claude Opus 4.6 —deleted our production database and all volume-level backups in a single API call to Railway, our infrastructure provider,” Crane wrote. “It took 9 seconds.” An AI agent (Cursor + Claude Opus 4.6) deleted our production database in 9 seconds using a Railway API call with zero confirmation. Then, when asked why, the agent wrote this → https://t.co/BPLs15jvdM — JER (@lifeof_jer) April 26, 2026 Crane said he asked the agent why it acted. It then produced what he described as a written “confession.” “‘NEVER FUCKING GUESS!’” the agent wrote, apparently quoting ...
RiverNorthPhotography/iStock Unreleased via Getty Images Shares of Brinker International ( EAT ) have been a poor performer over the past year. While the company has actually reported strong results thanks to a remarkable turnaround at its Chili’s brand, investors have soured on restaurant stocks over fears about discretionary spending. Strong quarterly earnings reported Wednesday morning may help...
RiverNorthPhotography/iStock Unreleased via Getty Images Shares of Brinker International ( EAT ) have been a poor performer over the past year. While the company has actually reported strong results thanks to a remarkable turnaround at its Chili’s brand, investors have soured on restaurant stocks over fears about discretionary spending. Strong quarterly earnings reported Wednesday morning may help to dispel these fears, and shares jumped 10% in early trading. I last covered Brinker in January , but this call has not played out with shares down about 8% since then. At the time, I saw the outlook brightening for restaurants, but the Iran War has thrown this into doubt. With updated financials, now is a good time to revisit EAT. Seeking Alpha In the company’s third quarter , Brinker earned $2.90, which beat estimates by $0.04 as revenue grew 3% to $1.5 billion. EPS grew 9% from last year thanks to income growth and the benefits of its buyback program. Same-restaurant sales continue to perform fairly well, up 3.3%, though there remains a large divergence between brands. Management described demand as “strong,” pointing to a stronger consumer than other companies like Domino’s ( DPZ ). Adjusted EBITDA rose about 1.5% to $224 million, and operating income was up 6% to $167 million. Operating margins expanded by 30bps to 11.3%, thanks primarily to lower corporate costs. Restaurant-level EBITDA margins actually declined by 50bps to 18.4%, given one-time repair expenses and higher labor costs. Operating margins benefit from lower corporate overhead as a share of revenue thanks to ongoing growth of the top line, a margin benefit that should persist into fiscal 2027. Chili's leads; Maggiano lags Drilling into segment results, Chili’s same-restaurant sales rose a solid 4%, a 20 th straight quarter of growth. With $1.36 billion of sales, Chili’s is over 90% of the business, so its performance is what matters most to EAT. Comparable sales growth is decelerating here after a perio...
Getty Images Celestica: Investors Were Looking For A Pristine Earnings Release AI networking stocks are supposed to rule the roost, so I don’t think anyone would have expected to see a >14% post-earnings slide in Celestica Inc. ( CLS ) stock on Tuesday. But the fact is that CLS had already rallied into a high before the Q1 earnings slate. So I do not think it is unreasonable for some investors to ...
Getty Images Celestica: Investors Were Looking For A Pristine Earnings Release AI networking stocks are supposed to rule the roost, so I don’t think anyone would have expected to see a >14% post-earnings slide in Celestica Inc. ( CLS ) stock on Tuesday. But the fact is that CLS had already rallied into a high before the Q1 earnings slate. So I do not think it is unreasonable for some investors to decide that it could be time to take some profits. After all, it was not really a pristine report card , so to speak. CLS 2026 guidance (Celestica) Now, I am not doubting that the earnings upgrade and the backlog visibility presented by management suggest that we are still quite early in its ramp-up for 2027. In particular, it does appear that the scale-up partnership with Advanced Micro Devices, Inc. ( AMD ) on its Helios rack is gaining traction. Moreover, a CPO deployment (scale-out) is also in the works, based on the 1.6T program with Broadcom Inc. ( AVGO ) for a current hyperscale customer. In any case, Celestica appears well-poised to participate in different systems architecture, whether it's scale-up or scale-out. The roadmap most certainly looks promising, at least through 2027, and possibly beyond. But the market isn’t quite going to have any patience for “excuses,” since CLS traded at a significantly elevated multiple of almost 46x on forward P/E entering its earnings release. CLS: High Valuations Are Becoming Harder To Overcome CLS valuations (Koyfin) It seems clear to me that the stock has had trouble getting above the 37.4x forward earnings level. While the April downside did bring it back to less exuberant levels, as I indicated in my previous Celestica write-up , the rapid advances in the past few weeks also saw CLS rally into the key resistance zone bounded by the $360 level. Back in early April, I thought it was immensely clear to me that the stock suffered a hangover as the market went about taking profits from stocks that had made huge gains, including C...
The Nasdaq is back down. Or is it up again? We did mention today was going to be a weird one. The tech-heavy index was moving in and out of positive territory. The S&P 500 was down 0.1%. The Dow was down 300 points, or 0.
The Nasdaq is back down. Or is it up again? We did mention today was going to be a weird one. The tech-heavy index was moving in and out of positive territory. The S&P 500 was down 0.1%. The Dow was down 300 points, or 0.